“If you want to avoid or reduce tariffs, they can simply eliminate or reduce those that impose on us. It is a matter of balance and equality. It is one just and reasonable way to see things“, He said in an interview with the Italian newspaper ‘Repubblica’.
“Everything is reciprocity and equity: We will treat them as they treat us“He added.
The White House announced Tuesday that The reciprocal tariffs will take effect on April 2 against countries that Washington considers that Tariff and non -tariff barriers apply against their goods and services.
The Secretary of Commerce also insisted that foreign companies transferring their factories to the US will not be subject to these rates: “If you produce in the US, do not pay tariffs“
President Donald Trump is Likely to Defer Tariffs on Canada and Mexico for All Goods and Services Covered by The North American TradeMement Known as USMCA, Commerce Secretary Howard Lutnick Said. https://t.co/jnoamohu0f
– Bloomberg (@business) March 6, 2025
Also read: What are tariffs, how they work and how they can impact their purchases